How can I place a Proxy bid?Updated 2 years ago
Depending on the current bid of an auction; it will fall into a set incremental bid amount, this is a set minimum amount that must be added to the current bid in order to place another bid.
Here is a full list of our incremental bid amounts and ranges;
Here is a full list of our incremental bid amounts and ranges;
- EUR 0.00 To EUR 2.00 Price Increment Gap will be EUR 0.20
- EUR 2.00 To EUR 5.00 Price Increment Gap will be EUR 0.50
- EUR 5.00 To EUR 15.00 Price Increment Gap will be EUR 1.00
- EUR 15.00 To EUR 30.00 Price Increment Gap will be EUR 2.00
- EUR 30.00 To EUR 50.00 Price Increment Gap will be EUR 3.00
- EUR 50.00 To EUR 100.00 Price Increment Gap will be EUR 4.00
- EUR 100.00 To EUR 150.00 Price Increment Gap will be EUR 5.00
- EUR 150.00 To EUR 500.00 Price Increment Gap will be EUR 10.00
- EUR 500.00 To EUR 1000.00 Price Increment Gap will be EUR 20.00
- EUR 1000.00 To EUR 2000.00 Price Increment Gap will be EUR 30.00
- EUR 2000.00 To EUR 4000.00 Price Increment Gap will be EUR 50.00
- EUR 4000.00 To EUR 10000.00 Price Increment Gap will be EUR 100.00
In order to place a Proxy Bid, the bid will have to be equal to, or greater than the following formula:
Current Bid + (2 x Incremental Bid)
For example:
Current bid - €42
Incremental bid for €30 to €50 - €3
Minimum bid to be considered proxy - €42 + (2 x €3) = €48